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TRENDS IN CRYPTOS

CRYPTOHOPPER: FOR THOSE NOT CONTENT TO HODL

August 17, 2021August 17, 2021
0

Advanced investors comfortable with doing more than buying and holding cryptos, can use trading platforms with features similar to traditional stock trading platforms.
One popular crypto platform that uses bots, AI algorithms and other features to execute trades according to highly configurable trading strategies, is Cryptohopper.
After signup, users can select a free version, or choose tiered services that offer more capabilities. There is also a free trial for the most popular feature set, the “Explorer”, which is normally $19.95 a month.
Cryptohopper works by syncing with a user’s preferred exchange.  Most major exchanges are supported. Many of the trading fundamentals should be familiar to anyone who has used popular traditional stock trading platforms.
Users can design their own buy and sell criterias, which are automatically executed when desired criteria are met. Limits can be placed on how much is bought at any time, how many different coins, what coins are in the pool of potential purchases, etc.  Cryptohopper can track up to 75 coins simultaneously and scan them all against selected profit goals and indicators.
The overall purpose of the software is to help users realize profit margins via actively trading cryptos as they are trending up or down. 
There are many tools and advanced aspects of Cryptohopper including:

  • Bot trading, including Market Making Bots
  • A Strategy Designer with AI capabilities
  • Mirror Trading
  • Exchange Arbitrage
  • Trailing Stops
  • Backtesting

Though the crypto sector is rightly seen as more volatile than the traditional stock markets, that volatility is potentially what can make trading cryptos especially profitable.  For example, a wider swing upward can be capitalized on, with sells triggered if a sudden reversal occurs, and a downtrend reaches a certain percentage.
Cryptohopper offers tutorials and even presets of trading strategies that can be set up very quickly. And its advanced features allow even the savviest of investors to tinker and fine-tune to their heart’s content.

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